Jinwu Financial News | Mainland real estate stocks are declining across the board, yuexiu property (00123) down 3.33%, c&d intl group (01908) down 3.03%, longfor group (00960) down 2.89%, shimao group (00813) down 2.54%, china overseas (00688) down 2.33%.

According to Zhongyou Securities, data from CRIC shows that the sales revenue of the top 100 real estate enterprises in November reached 363.35 billion yuan, a decrease of 16.6% month-on-month, but an increase of 44.3% compared to September; a year-on-year decrease of 6.9%, with the single-month performance decline less than the same period last year. From January to November this year, the cumulative performance was 3,432.63 billion yuan, a year-on-year decrease of 30.7%, narrowing the decline by about 2 percentage points compared to October. Due to policy effects, the decline in new home sales continues to narrow, and the demand for home buyers in first and second-tier cities is still being released. In terms of land acquisition, in November, first-tier cities like peking and shanghai successively auctioned multiple high-priced land parcels, all of which were won by leading state-owned enterprises. It is expected that in December, the strength of property developers in releasing inventory will still increase, supporting the continued sales heat in first and second-tier cities.